Contract to Buy and Sell Real Estate (Land). Colorado Real Estate Commission-approved form 2025

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Unlike salaried employees, who receive a set amount of pay each month, real estate agents receive a commission on each sale they make. This is true for agents representing buyers, sellers, or both parties.
The four types of real estate contracts include purchase agreements, assignment contracts, lease agreements, and power of attorney agreements. They can have some crossover with when theyre used and what they need to contain, but they have separate and distinct uses.
The cost of land includes its purchase price and other many other costs, including: real estate commissions. title search and title transfer fees. title insurance premiums.
Commission rates on land sales typically range from 510% of the sale price. [1] Thats much higher than the average of 5-6% for home sales nationwide. Much of that higher price is that land typically sells for less than a home, so real estate agents must charge a higher percentage to keep their compensation fair.
Through the adoption and promulgation of Commission Rule F, it became compulsory for all real estate brokers licensed by the State of Colorado to use Commission approved forms in most of their contracting. 12-61-803(4) C.R.S.
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While you are legally allowed to buy land on your own, having the expertise of a real estate agent or REALTORⓇ who specializes in land sales can heighten your chances of finding the right property for your needs. Some of which could include: Purchasing land as an investment property.
To be enforceable, a land sale contract must satisfy the Statute of Frauds, which generally requires that these contracts be in writing and signed by the parties. Note that this writing is apart from the instrument under which the actual transfer takes place, which is known as the deed.
Realtor commission on land sales explained In land sales, like residential property transactions, the seller determines and pays the commission. This fee typically covers both the sellers and buyers agent fee, which is split between them. The average commission rate is 5.32% nationwide.

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